V Auditor




For construction / renovation / expansion / modernization of premises.

For acquisition of ready built office premises on ownership basis.

For acquiring land and construction of office premises thereon.

To purchase furniture & fixture, office equipment, computers, other accessories etc.

Towards working capital and/ or  financing receivables




Age: Between 21 -65 years (in case of Individuals and proprietorship firms)


i)Chartered Accountants ,Cost Accountants, Company Secretaries with minimum experience of  5 years from the date of Certificate of Practice (COP), individually or Proprietorship Concern or a Partnership Firm/Partnership with Limited Liability,

ii)The applicants /Firms are registered with Institute of Chartered Accountants of India (ICAI)/ Institute of Cost Accountants of India (ICAI)/Institute of Company Secretaries of India (ICSI) and also holding valid certificate/license for carrying out the practice.

iii)The Applicants/Firms/ should not have been subjected to disciplinary action by the Institute.


Nature of facility

Term Loan/Working Capital


Quantum of Loan minimum/maximum

Minimum   :    Rs.2.00 lakhs

Maximum : Rs.100.00 lakhs with maximum Working Capital component(CCH) Rs.10 lakhs



25% of the cost of assets to be acquired/ purchased in case of movables.

35% of the project cost in case of finance towards purchase/construction/repairs/ renovation of office premises.

However, loan component towards cost of land in case of purchase-cum-construction should not exceed 50% of the project cost


Rate of interest

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Personal guarantee of partners in case of firms.

Third party guarantee in case of individuals for loans exceeding Rs.10.00 lakhs









Primary  Security  :

Hypothecation of movable assets acquired out of Bank finance.

Mortgage of property acquired out of finance in case of loan towards purchase /construction of premises, expansion or renovation of existing premises

Collateral Security:

Loan up to Rs.10 lakhs: No Collateral /Third party guarantee. Loans should be covered under CGTMSE.

No collateral security for term loan sanctioned for purchase/construction/ repair/ renovation of the premises.

For loan amount exceeding Rs.10.00 lakhs, collateral security by way of immovable property equivalent to 50% of total exposure or liquid securities such as Bank deposits, NSCs, Surrender value of LIC policies, equivalent to 35 % of the total exposure to be taken.


Processing fees/other charges

Processing/upfront fees:

No processing fee for loans upto Rs.5.00 lakhs

0.25%+GST of the loan amount for loans exceeding Rs.5.00 lakhs

Documentation charges :

No documentation charges for loans upto Rs.25.00 lakhs

0.15% + GST of loan amount for loans exceeding Rs.25.00 lakhs

Inspection Charges :

Rs.250.00 + GST or actual expenses incurred whichever is high, to be paid annually



To be fully repaid before completion of 72 years of age of the applicant (in case of individual/proprietor).

Term loan:

Repayable in maximum of 84 EMIs, with initial moratorium of maximum upto 12 months. Interest has to be serviced during moratorium period.

Working capital: To be reviewed/renewed every year.


Application with checklist

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